SharkNinja's (SN) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• SharkNinja's (SN) stock holds a "hold (C+)" rating from Weiss Ratings, with a current consensus rating of "Moderate Buy" from analysts.
• JPMorgan Chase has lowered its price target for SharkNinja from $136.00 to $131.00, while Canaccord Genuity raised its target from $127.00 to $136.00, reflecting varying outlooks among analysts.
• SharkNinja reported a quarterly revenue of $1.44 billion, exceeding analyst estimates, and announced FY 2025 guidance of 5.000-5.100 EPS while projecting 4.52 EPS for the current fiscal year.

SharkNinja (NYSE:SN - Get Free Report)'s stock had its "hold (c+)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $136.00 to $131.00 and set an "overweight" rating for the company in a report on Friday, October 10th. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Canaccord Genuity Group increased their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Oppenheimer decreased their price target on SharkNinja from $135.00 to $112.00 and set an "outperform" rating for the company in a report on Tuesday. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $126.71.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $96.63 on Friday. The firm has a market capitalization of $13.64 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.84 and a beta of 1.56. SharkNinja has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average is $107.13 and its two-hundred day moving average is $100.30.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm's revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts forecast that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nixon Capital LLC increased its position in shares of SharkNinja by 12.8% in the third quarter. Nixon Capital LLC now owns 159,874 shares of the company's stock valued at $16,491,000 after buying an additional 18,184 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of SharkNinja in the third quarter valued at $97,000. Forum Financial Management LP increased its position in shares of SharkNinja by 8.2% in the third quarter. Forum Financial Management LP now owns 2,497 shares of the company's stock valued at $258,000 after buying an additional 190 shares in the last quarter. TFC Financial Management Inc. purchased a new position in shares of SharkNinja in the third quarter valued at $55,000. Finally, Benjamin Edwards Inc. purchased a new position in shares of SharkNinja in the third quarter valued at $278,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.

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